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Old 07-06-2015, 08:15 PM
 
7,846 posts, read 6,406,698 times
Reputation: 4025

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Quote:
Originally Posted by InformedConsent View Post
How do you not understand that an individual's wealth is not their country's wealth?

Another source:

U.S. Federal Government Net Worth: Approx. -$17.3 Trillion, Table L.105:
http://www.federalreserve.gov/releas...current/z1.pdf
....which coincidentally is identical to the amount of T-securities floating around in the markets.

The "debt" is equal to U.S. dollars created.
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Old 07-06-2015, 08:29 PM
 
41,110 posts, read 25,740,361 times
Reputation: 13868
Quote:
Originally Posted by Hoonose View Post
WW2 was in the '40's.

Grocery store owners, gas stations, vendors and business of all sorts sell to the poor. Those that provide services sell to the poor. Unless there is a physical shortage of product, this is all additional business for business owners and service providers.
^^^ lame, lame, very lame attempt to justify stealing from the tax payer who earned the money.

The poor pay for it by taking money from Americans who worked to earn that money. The people who worked to earn the money, contributing to society would spend that money just fine. They don't need the poor to circulate it.
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Old 07-06-2015, 08:30 PM
 
Location: Florida
33,571 posts, read 18,165,778 times
Reputation: 15551
Socialism doesn't work...they ran out of the peoples money.
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Old 07-06-2015, 08:39 PM
 
18,802 posts, read 8,474,425 times
Reputation: 4130
Quote:
Originally Posted by petch751 View Post
^^^ lame, lame, very lame attempt to justify stealing from the tax payer who earned the money.

The poor pay for it by taking money from Americans who worked to earn that money. The people who worked to earn the money, contributing to society would spend that money just fine. They don't need the poor to circulate it.
I never need to justify Federal taxes, as they are not needed to run the Federal Gov't and fund these programs. Taxes are an ignorant Democrat affliction.

As a Nation we spend more than we tax at the Federal level due to deficit spending. And the poor get more than their fair share of our largesse. IMO of course.

The middle class is where the efforts need to be directed. That is where we are headed for some serious weakness and turmoil. And that can come via Federal spending.

Less taxes. More supports like HC, SS, child care, unemployment. More jobs through a massive national infrastructure program.

Look at China and how they rise so quickly. You think that they used tax money to pay for all that cement?

How China used more cement in 3 years than the U.S. did in the entire 20th Century - The Washington Post
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Old 07-06-2015, 08:55 PM
 
14,767 posts, read 17,116,607 times
Reputation: 20658
Quote:
Originally Posted by Hoonose View Post
I never need to justify Federal taxes, as they are not needed to run the Federal Gov't and fund these programs. Taxes are an ignorant Democrat affliction.

As a Nation we spend more than we tax at the Federal level due to deficit spending. And the poor get more than their fair share of our largesse. IMO of course.

The middle class is where the efforts need to be directed. That is where we are headed for some serious weakness and turmoil. And that can come via Federal spending.

Less taxes. More supports like HC, SS, child care, unemployment. More jobs through a massive national infrastructure program.

Look at China and how they rise so quickly. You think that they used tax money to pay for all that cement?

How China used more cement in 3 years than the U.S. did in the entire 20th Century - The Washington Post
Sounds like we might be looking to China, a little more...

Guide to China's sharemarket turmoil
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Old 07-06-2015, 08:58 PM
 
Location: Southeast, where else?
3,913 posts, read 5,231,072 times
Reputation: 5824
What do Greek men look for when they want a woman? Another Greek man....one word the Germans will tell the Greeks if the greeks keep acting like welfare babies? Woodshed.
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Old 07-06-2015, 09:50 PM
 
7,846 posts, read 6,406,698 times
Reputation: 4025
Quote:
Originally Posted by Caleb Longstreet View Post
What do Greek men look for when they want a woman? Another Greek man....one word the Germans will tell the Greeks if the greeks keep acting like welfare babies? Woodshed.
Greece is not welfare babies. If the US, UK, Canada, and Australia decided to consolidate their currency, all would meet the identical same fate as Greece.
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Old 07-07-2015, 05:32 AM
 
8,631 posts, read 9,139,445 times
Reputation: 5990
Quote:
Originally Posted by InformedConsent View Post
Wow. No. There's a pretty flat line after the U.S.

U.S. Defense spending should be cut to be more in line with the other NATO countries.
Agree. I've seen recent charts indicating Greece at 4.5% of GDP.
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Old 07-07-2015, 06:37 AM
 
Location: the very edge of the continent
89,028 posts, read 44,840,107 times
Reputation: 13714
Quote:
Originally Posted by Opin_Yunated View Post
....which coincidentally is identical to the amount of T-securities floating around in the markets.

The "debt" is equal to U.S. dollars created.
Interesting theory, but all the created dollars don't belong to the federal government. Therefore, the U.S. federal government still has a negative net worth.
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Old 07-07-2015, 06:40 AM
 
Location: the very edge of the continent
89,028 posts, read 44,840,107 times
Reputation: 13714
Quote:
Originally Posted by jmking View Post
Agree. I've seen recent charts indicating Greece at 4.5% of GDP.
I haven't. Post them if you find them.
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